SCMDOJO

FEBRUARY 21, 2025

A well-defined procurement strategy doesnt just mitigate risksit adds significant value to your organization : Cost Savings: Strategic sourcing and supplier negotiations reduce procurement costs. Conduct a Supply Market Analysis: Use PESTEL and SWOT frameworks.

Agile and Lean Supply Chain

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. She’s added in category analysis twice and then she added a RFQ before a PQQ which means the flow isn’t quite right. Can you spot the mistakes!

Strategic sourcing

Spend Matters

SEPTEMBER 20, 2022

Categories: Analysis , P2P , Procurement Strategy & Planning , Spend Analysis , Strategic Sourcing Tags: PRO This Spend Matters PRO Vendor Analysis updates an analysis of Cirtuo, a strategy management solution.

Strategy

Una

NOVEMBER 9, 2022

Complete a market analysis. Next up, you’ll need to complete a thorough market analysis. Your market analysis ought to consider costings, key players, and challenges and dynamics, alongside how the market is evolving. Benefits of Strategic Sourcing. Complete Guide to Group Purchasing.

Procurement

Sourcing and Supply Chain

JUNE 24, 2021

Unlike strategic sourcing, category management takes a proactive instead of a reactive approach to sourcing activity that provides detailed insight into factors affecting the price of a service or good. It works both in terms of strategic and operational points of view as shown in the above figure. Spend Analysis Data.

Category management

Arkestro

NOVEMBER 17, 2022

” “The sourcing market has far more to it than meets the eye. supplier surveys, risk analysis, bid analysis, contract negotiations/awarding and more,” said Jason Busch, Founder and Lead Research Analyst at Spend Matters.

Bidding

World of Procurement blog

APRIL 24, 2024

Market Analysis & Sourcing Strategy : Understanding market dynamics and developing strategic sourcing plans. Contract Management & Performance Analysis : Ensuring suppliers meet contractual obligations and contribute to organizational value.

Procurement

Una

SEPTEMBER 22, 2022

As you begin to navigate this category, some of the same strategic sourcing best practices can be used as a guide to IT procurement as well. Thinking strategically involves planning for the long-term, making decisions based on data and the overall goals of the organization, building strong relationships, and more.

Procurement

World of Procurement blog

APRIL 23, 2024

Market Analysis: Understand the market dynamics, supplier landscape, and trends affecting your procurement needs. Develop Your Approach: Choose your procurement methods based on analysis. Define Your Objectives: Establish what you want to achieve with your procurement activities.

Procurement strategies

World of Procurement blog

APRIL 23, 2024

Market Analysis: Staying abreast of market trends that can affect supply and demand, thereby adjusting procurement strategies as necessary. Building and maintaining strong relationships with vendors for long-term collaboration. Contract Negotiation: Negotiating contracts to secure advantageous terms on behalf of their company.

supply chain budgeting

World of Procurement blog

APRIL 23, 2024

Market Analysis: Understand the market dynamics, supplier landscape, and trends affecting your procurement needs. Develop Your Approach: Choose your procurement methods based on analysis. Define Your Objectives: Establish what you want to achieve with your procurement activities.

Procurement strategies

World of Procurement blog

APRIL 23, 2024

Market Analysis: Staying abreast of market trends that can affect supply and demand, thereby adjusting procurement strategies as necessary. Building and maintaining strong relationships with vendors for long-term collaboration. Contract Negotiation: Negotiating contracts to secure advantageous terms on behalf of their company.

supply chain budgeting

SCMDOJO

FEBRUARY 13, 2023

Supporting the organization’s goals through effective strategies: The procurement team supports the organization by monitoring supply markets and trends, identifying critical materials, and developing effective procurement strategies to increase competitiveness.

Procurement

Skill Dynamics

OCTOBER 19, 2023

These specific skills help sourcing managers foresee potential industry changes and potential supply chain problems. Effective role-based training for sourcing managers therefore includes training that sharpens their strategic thinking, supplier assessment, and market analysis skills.

Supply Chain Optimization

SCMDOJO

APRIL 26, 2023

Market analysis, competitive forces, and external factors. Market forces determine supply risks. Category management will have to be planned carefully considering all potential market forces and threats within the environment. Category management help create visibility of spend and accountability.

Category management

NLPA (Next Level Purchasing Association)

SEPTEMBER 13, 2021

Effective market surveys and analyses are processes that identify whom procurement professionals want to bid on their requirements. The components of good market analysis include the following: Identifying current suppliers. Particularly with Strategic Sourcing Opportunities, you must be careful with supplier selection.

Supply market

Pipefy

JANUARY 31, 2023

Strategic sourcing A method of supply chain management by which businesses formally gather and use vendor and supplier information to get the best total value for the entire supply chain process. It requires constant market analysis and continual evaluations of vendor performance and prices.

Procurement

Una

MARCH 6, 2024

Market Analysis Outsource the analysis of market trends, supplier market intelligence, and finding new suppliers. Strategic Sourcing Need some expert advice? Let someone else do the digging for you. Supplier Relationship Management Yes, even certain relationships can be outsourced!

Procurement